Business

AUB completes sale of 29.4pc stake in Ahli Bank 06 Feb 2013 - 07:16 am

DOHA: Ahli United Bank BSC (AUB) yesterday announced the completion of the sale of its 29.4 percent stake in Ahli Bank Qatar (ABQ)...

Hollande calls for stable euro policy 06 Feb 2013 - 07:16 am

STRASBOURG: French President Francois Hollande urged the eurozone yesterday to set a mid-term target for its currency’s exchange rate and to forge a...

BoJ governor to step down 06 Feb 2013 - 07:14 am

Bank of Japan Governor Masaaki Shirakawa (centre) arrives at a news conference in Tokyo yesterday. Shirakawa said he would step down on March...

Malone eyes Virgin Media in challenge to Murdoch 06 Feb 2013 - 07:13 am

LONDON: John Malone’s Liberty Global is in late-stage takeover talks with Britain’s Virgin Media over a $20bn cable deal that would put the...

Qatari bourse index adds 22.48 points 06 Feb 2013 - 07:13 am

Doha: Qatar Exchange index continued its upswing trend yesterday adding 22.48 points or 0.26 percent to advance to 8,747.51 points from 8,725.03 on...

China to invest over $1.6bn in Malaysia steel, port projects 06 Feb 2013 - 07:12 am

KUALA LUMPUR: Chinese firms will invest more than $1.6bn to build steel, aluminium and palm oil processing plants and expand a port in...

Saudi market regulator chief replaced 06 Feb 2013 - 07:12 am

RIYADH: The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz of Saudi Arabia has replaced the head of the kingdom’s capital...

Deyaar records $10.5m full year net profit 06 Feb 2013 - 06:59 am

DUBAI: Dubai developer Deyaar yesterday reported a marginal increase in full year net profit, as it booked gains from deliveries of long-pending commercial...

Tasweeq, ENOC sign supply deal 05 Feb 2013 - 05:30 am

Saad Abdulla Al Kuwari and Tayyeb Al Mulla exchanging documents at the signing ceremony. DOHA: Emirates National Oil Company (ENOC) has signed a...

Combined net profit of banks crosses QR16bn 05 Feb 2013 - 05:30 am

DOHA: The collective net profits of Qatari banks totalled more than QR16bn ($4.38bn) in 2012, up from QR14.98bn ($4.1bn) in 2011, but analysts...

Asiacell share sale lifts Qtel stake to 64.1pc 05 Feb 2013 - 05:29 am

BAGHDAD/DUBAI: Qatar Telecom (Qtel) used Iraqi unit Asiacell’s $1.27bn share sale, Iraq’s largest flotation, to raise its stake to 64.1 percent in a...

Centrica pulls out of new UK nuclear power projects 05 Feb 2013 - 05:28 am

LONDON: Utility Centrica has pulled out of plans to build new nuclear power stations in Britain with partner EDF, paving the way for...

Britain issues ‘break-up’ warning to banks 05 Feb 2013 - 05:28 am

LONDON: Britain’s banks will be broken up if they fail to ring-fence retail operations from their investment divisions to avoid any future state...

Oil industry props up Azerbaijan economy 05 Feb 2013 - 05:26 am

Oil derricks are silhouetted against the rising sun on an oilfield in Baku. Oil in Azerbaijan dates back to the 19th century and...

GCC construction insurance sector to surge 05 Feb 2013 - 05:26 am

DOHA: The GCC’s construction insurance sector is expected to see a surge starting this year, with the region set to invest more than...

al khaliji posts QR512.2m full year net profit 05 Feb 2013 - 05:25 am

DOHA: al khaliji bank yesterday released its consolidated financial statements for the year ended December 31, 2012 revealing a net profit of QR512.2m...

KPMG holds seminar on insurance regulations 05 Feb 2013 - 05:25 am

DOHA: More than 40 senior professionals from Qatar insurance sector converged on Sunday to receive an update on regulatory and financial reporting developments....

Etihad closer to deal with Jet 05 Feb 2013 - 05:24 am

James Hogan (left), Etihad Airways’ President and Chief Executive Officer, and James Rigney, the airline’s Chief Strategist, at a press conference in Abu...